Elizabeth Towers up for collective sale for $630mil
Elizabeth Towers situated at Mount Elizabeth within Orchard Road has actually gotten put together for enbloc, with a conserve value of $Six hundred Thirty million, revealed single promotion and marketing rep Edmund Tie.
The deal, that takes into consideration the 7 % additional porch space, formulates to a “compelling property price” of approximately $2,400 psf per PR.
Having a surface area of 54thousand 3hundred 17.9 square feet, the lease free location in District Nine inhabits an uncommon edge lot. It is sectioned for home use beneath the 2K19 Master Plan by having a property peak of as much as 36 levels.
Edmund Tie observed in which the site might perhaps be reconstruct “approximately its confirmed existing gross floor area of Two hundred Fifty Two thousand Four hundred Thirty Eight square foot or lot proportion Four point Six Five”.
A five-minute stroll to Orchard also Somerset train terminals, the site is close different services including Taka, ION Orchard, Paragon, The American Club, TC, Mt E Medical Centre, Paragon Medical Centre, Dempsey Hill and SGP Botanic Gardens.
The Anglo Chinese Sch (Junior) is within a 1km distance, whilst St Margaret’s Primary School, SJIJ as well as SCGS are actually in less than Two kilometres from the site.
With these conveniences, the marketing and advertising professional forecasts “highly earnest curiosity” equally coming from local as well as overseas property developers.
” Elizabeth Towers appreciates an exceptional location situated in the reputable Mt E residence enclave in the core of the Orchard Rd shopping plus life-style center, using the optimal of ease and exclusivity,” said Swee Shou Fern, Executive Dir of Inv Advisory at Edmund Tie.
” This plot is a winning corner plot delivering the triumphant prospective buyer an unusual opportunity to create a mega extravagance non commercial landmark in the heart of Orchard Road.”
The tender for Elizabeth Twrs concludes on 15Dec.